OCBC BANK (MALAYSIA) BERHAD v 1. ) CSTME RESOURCES SDN BHD 2. ) ALBERT TAN YEAN HEONG 3. ) WAN AHMAD KAMAL BIN MOHD RASDI
Catchwords
Termination – Whether the Plaintiff has lawfully terminated the facilities granted to the 1st Defendant – Whether the guarantors are discharged due to the alleged variation of the facilities. Maturity Date – Whether the original maturity date of the 63 trade bills had been extended – What was the extended maturity date of the 63 trade bills – Whether the 180-day extension of time granted by the Plaintiff, concerns only the 4 trade bills and if so, what was their extended maturity date. Guarantors Liability – Whether the guarantors are liable for the debts of the 1st Defendant – Whether the sums claimed have exceeded the sum limited by the guarantee. Force Majure – Does the COVID-19 pandemic excuse the Defendants?
Practice Areas
Judges (1)
Judgment
Read the full judgment on the official Malaysia Courts portal.
Read on eJudgmentSource: eJudgment (wa-22ncc-697-09-2023)